U.S. Federal Reserve Chair Jerome Powell on Tuesday reiterated the U.S. central bank plans to "wait and learn more" about the impact of tariffs on inflation before lowering interest rates, again ...

Federal Reserve Chair Jerome Powell had plenty of opportunities Tuesday to tell lawmakers definitively the central bank will cut interest rates soon. He didn’t take any of them.

Powell leaves door ajar to July rate cut, ... The bank's goal is to lower the rate of inflation to 2% in the long run. Powell's tenure as chairman ends next May and Trump plans to replace him.

Mr. Powell, who testified before the House Financial Services Committee on Tuesday, said that the Fed was in no rush to take any policy action given that the labor market remains solid, inflation ...

The Fed Powell leaves door ajar to July rate cut, but an expected rise inflation is likely to keep the Fed sidelined Two top officials, both appointed by Trump, are the first to suggest an ...

Powell described the overall economy and labor market as solid. He said inflation had eased significantly from highs reached in mid-2022, but was somewhat elevated above the Fed’s 2% objective.

Powell said Tuesday he expects to see the tariffs have meaningful effects on inflation over the summer months. “There aren’t historical experiences we can consult here, really.

Jerome H. Powell, the chair of the Federal Reserve, defended on Tuesday the central bank’s wait-and-see approach to cutting interest rates, in the face of intense pressure from President Trump ...

Federal Reserve Chair Jerome Powell on June 25 said the U.S. central bank is still struggling to determine the impact of tariffs on consumer prices.

Powell says Fed staying on hold amid higher inflation outlook The Federal Reserve chair stressed continuing uncertainty, citing "many paths possible" from the impact of Trump's tariffs. JUN 24, 2025 ...

Powell's term as Fed chairman ends in May 2026. And Trump last week said he's already started the search to replace Powell and has about “three or four people" he's considering. Bloomberg News ...

Federal Reserve Chair Jerome Powell said the central bank is taking a more cautious approach to the effects of President Trump’s tariff increases than it did in 2019 because recent increases in ...